Innova Capital and EBRD aquire controlling stake in Romania's EnergoBit
Central European private equity fund Innova Capital acquired a majority in the EnergoBit Group, a Romanian supplier of services and equipment for electrical networks to the power sector, for an undisclosed sum. The EBRD also bought a minority stake in the company.
The deal comprises of share investments and capital increases and should be closed late in the first quarter of 2013. Innova Capital is set to become a controlling shareholder in EnergoBit, with an initial stake of 52.8 percent. The transaction didn’t include the energy supply and renewable arms of EnergoBit.